Fertility Test Market is Anticipated to Witness High Growth Owing to Increasing Focus of Key Players on Developing Advanced Home Use Test Kits
Fertility Test Market is Anticipated to Witness High Growth Owing to Increasing Focus of Key Players on Developing Advanced Home Use Test Kits
The fertility test market involves products that are used to determine the potential fertility of an individual.

The fertility test market involves products that are used to determine the potential fertility of an individual. These kits are designed to detect the presence of luteinizing hormone (LH), which spikes in the body around the time of ovulation, allowing users to identify their fertile window. The major types of kits available include urine, saliva, and blood test. Urine-based test kits are the most widely used as they are easier to perform and less invasive than blood tests. The growing preference for home-use kits over laboratory tests due to their convenience, affordability and ability to provide faster results is driving demand in the fertility test market.

The Global fertility test market is estimated to be valued at US$667.13 million in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in The Fertility Test Market are AstraZeneca, Novartis AG, GSP plc, Merck & Co., Inc., Verona Pharma plc, Regeneron Pharmaceuticals Inc., and Boehringer Ingelheim International GmbH. These players are focusing on developing advanced home use fertility test kits through investments in R&D.

The key opportunities in the market include increasing demand for self-monitoring fertility tests and growing preference for online purchases. The e-commerce sales of fertility test kits are expected to witness double digit growth over the forecast period.

The global expansion of key players through mergers and acquisitions is also expected to drive the market growth during the forecast period. Players are focusing on expanding their presence in emerging markets like Asia Pacific and Latin America which offer lucrative opportunities for fertility test product brands.

Market drivers: Rising number of fertility clinics worldwide with the increasing cases of infertility due to changing lifestyles is fueling the demand for fertility tests. According to the World Health Organization, infertility affects over 180 million couples globally.

Market restrain: Low sensitivity and accuracy of some fertility test kits remains a key challenge. Low awareness about different fertility tests options, availability and affordability of fertility testing in developing regions. Strict regulatory approval process for new fertility test products increases the cost of development and time to market.

Segment Analysis
The fertility test market is segmented based on product type into ovulation prediction kits, fertility monitors, and male fertility testing products. Ovulation prediction kits dominate the market as they are inexpensive, easily available over-the-counter, and effective in predicting ovulation. These kits help women identify their fertile window for conception. The convenience and effectiveness of ovulation prediction kits in fertility planning has made them the preferred choice for many consumers.

Fertility monitors are gaining market share as they provide more insight into female fertility cycles by tracking biological markers like estrogen, luteinizing hormone, etc. They eliminate the need to check for fertility on a daily basis and give more prominent warnings of fertile window through different colours/signals. technologically advanced fertility monitors offer advantages over ovulation prediction kits and their adoption is increasing.

Male fertility testing products are used to check sperm count, motility, morphology, and other factors affecting male fertility. However, their market share remains small as seeking medical help for fertility issues is still considered a taboo for men in many cultures.

Global Analysis
The North America region commands the major share in the global fertility test market led by the rising acceptance of in-vitro fertilization and other assisted reproductive technologies. Increased medical awareness regarding fertility planning and management and growing preference for small family size contribute to market growth. Availability of advanced fertility solutions and rising healthcare expenditure further support market expansion.

The Asia Pacific region is projected to witness the highest growth over the forecast period on account of growing medical tourism, increasing female workforce, and rapid urbanization in countries like India and China. rising infertility rates due to changing lifestyle habits and growing medical facilities boost the need for fertility solutions. Government initiatives to spread awareness about reproductive health management also support regional market growth.

 

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